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This paper tests the proposition that politicians and their affiliated firms (i.e., firms operating in their province) temporarily suppress negative information in response to political incentives. We examine the stock price behavior of Chinese listed firms around two visible political events...
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corporate governance in subsequent years. China is the world's largest emerging economy, and Chinese SOEs are under intensive …
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and institutional foundation of the capital markets in China. In contrast, ownership by grey institutions is in general …
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The aim of this paper is to examine the effect of 2005-ownership reform and state ownership on the linkages between corporate governance mechanisms and agency costs for Chinese listed firms. Based on a large panel of Chinese listed firms, we find that following the reform managerial ownership,...
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